![]() ![]() “When One.Tel collapsed, I ran into James down at the Capital Golf Course. James Packer’s business venture One.Tel collapsed in 2001. ![]() In the latest slap-down to Mr Packer, who is Crown’s biggest shareholder, the NSW independent Liquor and Gaming Authority (ILGA) said corporate “arrogance” was a driving factor in the company turning a blind eye to illegal money laundering within its Melbourne and Perth venues. He had been looking for an escape route from his casino group Crown Resorts for years, so he can retreat into a more sheltered life – but every time it looks as if he’s about to break free, he is served another devastating blow. ![]() There is an old adage that money doesn’t make you happy, and in the case of one of Australia’s richest men you can begin to understand what it means.īillionaire businessman and investor James Packer, 53, has this week topped off 20 years of misfortunes, public humiliations and scandals with a crushing blow.Ī damning new report has served a brutal roadblock to his $2.2 billion Barangaroo Crown casino project in Sydney – which he saw as his golden ticket out of the corporate world that has brought him so much misery. ![]()
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